Understanding GIPS and Verification Requirements

Easy Global Investment Performance Standards Verification

The Global Investment Performance Standards (GIPS) is a set of ethical principles that provide investment firms with a framework for creating performance reports that are consistent, comparable, and transparent. One critical aspect of GIPS is the verification process, which assesses whether an investment firm's practices and procedures are in compliance with GIPS standards.

Consider the following statements regarding verification under GIPS:

Verification is optional for firms that claim compliance with GIPS.

Verification must be performed by an independent 3rd party.

Firms can self-verify their compliance with GIPS.

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